Splunk In, Pinterest Out On Brannan

Sources tell us 270 Brannan is going to get filled up by Splunk (and they just got new shoes), knocking Pinterest out of the running for the 189k SF building coming to SoMa.

It appears Splunk is the front runner for 270 Brannan and Pinterest is no longer a contender at SKS' new building, industry sources tell us. The data giant, led by some big wigs from Disney and HP, is HQ'd nearby at 250 Brannan. The seven-story, 65-foot building designed by Pfau Long Architecture will have lots of bike parking and a central glass roof atrium. (Rendering, above.) Dropbox is also landing on the street, having inked a two-building deal for 333 and 345 this year.

With 270 called for, now where's the DIY-friendly social media hub headed? (We like to imagine it's a magical land where there are artisan cupcakes and obscure, but tasteful curtains everywhere.) We reported in December about it needing 200k SF fast this year. The company's 140-plus employees work out of a SoMa warehouse complex at 7th and Brannan—the "Pinstitute," as they call it. Sources tell us Pinterest is now going for a "band-aid" approach, looking for just 60k SF to 80k SF for a short-term lease. It raised $225M last fall and plans to cash in big on a promoted pins model.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's San Francisco Newsletters
Related Stories

Law Firms Drive Boston Office Rents To Record Highs

3 Houston Office Properties, Vacant To Nearly Full, Change Hands

Deutsche Hypo Finances Zadelhoff's Amsterdam Offices With €75M Loan

SFF Realty Partners Extends Spending Spree With $82M Acquisition In Downtown San Jose

Drawbridge Realty Acquires 180K SF Office Building In Sunnyvale For $219M

Downtown Los Angeles Retail, Office Hub The Bloc Up For Sale

Distress Divide: How Private vs. Institutional Investors Are Thinking About D.C. Office

Rates, Rents And AI Risks: Peter Linneman's Warning For CRE

Interest Rate Hike Douses Outlook For Atlanta Developers

Chicago Office Deals Feature More Scrutiny, Added Tenant Protections

Delaware Statutory Trust Fundraising Jumps 27% From 2025

Tishman Speyer Retakes Chrysler Building, Plans $235M Renovation